F M Investments LLC Invests $1.40 Million in Diamondback Energy, Inc. (NASDAQ:FANG)

F M Investments LLC purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,044 shares of the oil and natural gas company’s stock, valued at approximately $1,403,000.

Other hedge funds also recently made changes to their positions in the company. Raymond James Trust N.A. grew its stake in shares of Diamondback Energy by 145.2% during the 4th quarter. Raymond James Trust N.A. now owns 11,993 shares of the oil and natural gas company’s stock worth $1,860,000 after acquiring an additional 7,102 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Diamondback Energy by 748.0% during the fourth quarter. Larson Financial Group LLC now owns 15,221 shares of the oil and natural gas company’s stock worth $2,361,000 after buying an additional 13,426 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Diamondback Energy by 613.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 15,401 shares of the oil and natural gas company’s stock valued at $2,388,000 after purchasing an additional 13,243 shares in the last quarter. Raymond James & Associates raised its stake in Diamondback Energy by 143.0% in the fourth quarter. Raymond James & Associates now owns 981,284 shares of the oil and natural gas company’s stock valued at $152,177,000 after purchasing an additional 577,514 shares in the last quarter. Finally, Morgan Stanley raised its stake in Diamondback Energy by 2.6% in the third quarter. Morgan Stanley now owns 3,494,159 shares of the oil and natural gas company’s stock valued at $541,175,000 after purchasing an additional 89,663 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Trading Up 0.9 %

Shares of Diamondback Energy stock traded up $1.79 during midday trading on Tuesday, reaching $204.37. The company had a trading volume of 960,299 shares, compared to its average volume of 1,745,681. The stock has a fifty day moving average price of $191.41 and a 200 day moving average price of $168.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.77 and a quick ratio of 0.74. The firm has a market cap of $36.45 billion, a PE ratio of 11.79 and a beta of 1.93. Diamondback Energy, Inc. has a fifty-two week low of $123.41 and a fifty-two week high of $211.96.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, February 20th. The oil and natural gas company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.13. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. Diamondback Energy had a return on equity of 19.56% and a net margin of 37.36%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $5.29 earnings per share. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 18.53 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were paid a $3.08 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.84. This represents a $12.32 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Monday, March 4th. Diamondback Energy’s payout ratio is currently 20.76%.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, COO Daniel N. Wesson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $192.17, for a total value of $1,153,020.00. Following the transaction, the chief operating officer now directly owns 78,218 shares of the company’s stock, valued at $15,031,153.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Diamondback Energy news, COO Daniel N. Wesson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $192.17, for a total value of $1,153,020.00. Following the transaction, the chief operating officer now directly owns 78,218 shares of the company’s stock, valued at $15,031,153.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jere W. Thompson III sold 2,675 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $192.35, for a total value of $514,536.25. Following the completion of the transaction, the vice president now directly owns 8,485 shares in the company, valued at $1,632,089.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,675 shares of company stock valued at $11,311,096. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FANG shares. Scotiabank boosted their price target on Diamondback Energy from $210.00 to $255.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Susquehanna lifted their target price on Diamondback Energy from $212.00 to $245.00 and gave the company a “positive” rating in a research report on Monday. Bank of America upgraded Diamondback Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $129.00 to $170.00 in a research report on Monday, February 12th. Stifel Nicolaus lifted their target price on Diamondback Energy from $224.00 to $229.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, KeyCorp lifted their target price on Diamondback Energy from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.53.

Diamondback Energy Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.